Agreement under ASEAN Banking Integration Framework would be 1st for Myanmar.
Indian investors currently only allowed to participate in overseas funds via feeder structures.
Paper filing by individual applicants and licensees will not be allowed from 1 February 2017.
Exchanges can choose to allow trading in a product for up to 23.5 hours/day.
Loan will enable implementation of development Capital Market Development Program.
Committee can decide measures to ‘reduce or avoid risks’, central bank says.
Accompanying rules aim to curb cross-border illegal activity, market misconduct.
Agreement would allow countries’ banks to operate subsidiaries in each other’s markets.
APRA says liquidity already monitored and ‘well managed’ by central bank protocols.
MOU includes agreements on market supervision, preventing systemic risk.
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